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Global Aluminium Market Report and Forecast 2023-2028

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    Report

  • 188 Pages
  • October 2023
  • Region: Global
  • Expert Market Research
  • ID: 5898033
According to the report, the global aluminium market is projected to grow at a CAGR of 3.63% between 2023 and 2028. Aided by the increasing demand in various industries such as construction, automotive, and packaging, the market is expected to grow significantly by 2028.

Aluminium, a lightweight and durable metal, plays an integral role in a broad spectrum of applications due to its exceptional conductivity, corrosion resistance, and recyclability. It is extensively used in the construction, automotive, aerospace, and packaging industries.

The construction sector is bolstering the aluminium market demand, employing it in structures, windows, doors, and curtain walling. The material’s lightweight and robust nature allows for innovative and sustainable building designs, leading to its increased adoption in contemporary architecture. As global construction activities rise, so does the demand for aluminium.

In the automotive sector, aluminium is used for its strength-to-weight ratio, which is critical for fuel efficiency and reducing emissions in vehicles. As governments tighten regulations on vehicle emissions and fuel economy, aluminium is expected to continue to gain traction as a material of choice in this sector.

One of aluminium's standout features is its recyclability, which is escalating the aluminium market growth. The metal can be recycled without losing its original properties, contributing to the growing emphasis on circular economy practices. This eco-friendly aspect is making aluminium increasingly appealing in today’s environmentally conscious market.

Moreover, there is growing interest and investment in technologies that can produce aluminium using renewable energy or more efficient processes. 'Green aluminium' - produced using renewable energy sources - is gaining traction and could redefine industry standards in the years to come.

China dominates the global aluminium production landscape, followed by India, Russia, and the Middle East. Geopolitical tensions and trade policies have significant impacts on aluminium prices and availability, with shifts in supply chains and changes in tariffs affecting the global market.

The Asia-Pacific, led by China, holds a significant portion of the global aluminium market share, due to booming construction and automotive industries. The demand in North America and Europe is also substantial, spurred by stringent vehicle emission standards and a surge in green construction practices.

Market Segmentation

The market can be divided based on type, processing method, end use, and region.

Market Breakup by Type

  • Primary
  • Secondary

Market Breakup by Processing Method

  • Flat Rolled
  • Castings
  • Extrusions
  • Forgings
  • Pigments and Powder
  • Rod and Bar
  • Sheet
  • Others

Market Breakup by End Use

  • Transport
  • Construction
  • Electrical
  • Machinery and Equipment
  • Packaging and Foil
  • Consumer Goods
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global aluminium market.

Some of the major players explored in the report are as follows:

  • RusAL
  • Chalco Aluminum Co. Ltd
  • Rio Tinto plc
  • China Hongqiao Group Co., Ltd.
  • Alcoa Corporation
  • Emirates Global Aluminium PJSC
  • Shandong Xinfa Aluminum Co., Ltd.
  • Norsk Hydro ASA
  • Vedanta Limited
  • Hindalco Industries Limited
  • Others

About the Analyst

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

These high-quality, data-driven analysis provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.

Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of these reports today.

The analyst always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Aluminium Market Analysis
8.1 Key Industry Highlights
8.2 Global Aluminium Historical Market (2018-2022)
8.3 Global Aluminium Market Forecast (2023-2028)
8.4 Global Aluminium Market by Type
8.4.1 Primary
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Secondary
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Aluminium Market by Processing Method
8.5.1 Flat Rolled
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Castings
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Extrusions
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Forgings
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Pigments and Powder
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.5.6 Rod and Bar
8.5.6.1 Historical Trend (2018-2022)
8.5.6.2 Forecast Trend (2023-2028)
8.5.7 Sheet
8.5.7.1 Historical Trend (2018-2022)
8.5.7.2 Forecast Trend (2023-2028)
8.5.8 Others
8.6 Global Aluminium Market by End Use
8.6.1 Transport
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Construction
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Electrical
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Machinery and Equipment
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Packaging and Foil
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
8.6.6 Consumer Goods
8.6.6.1 Historical Trend (2018-2022)
8.6.6.2 Forecast Trend (2023-2028)
8.6.7 Others
8.7 Global Aluminium Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Aluminium Market Analysis
9.1 Market by Type
9.2 Market by Processing Method
9.3 Market by Application
9.4 Market by Country
9.4.1 United States of America
9.4.1.1 Historical Trend (2018-2022)
9.4.1.2 Forecast Trend (2023-2028)
9.4.2 Canada
9.4.2.1 Historical Trend (2018-2022)
9.4.2.2 Forecast Trend (2023-2028)
10 Europe Aluminium Market Analysis
10.1 Market by Type
10.2 Market by Processing Method
10.3 Market by Application
10.4 Market by Country
10.4.1 United Kingdom
10.4.1.1 Historical Trend (2018-2022)
10.4.1.2 Forecast Trend (2023-2028)
10.4.2 Germany
10.4.2.1 Historical Trend (2018-2022)
10.4.2.2 Forecast Trend (2023-2028)
10.4.3 France
10.4.3.1 Historical Trend (2018-2022)
10.4.3.2 Forecast Trend (2023-2028)
10.4.4 Italy
10.4.4.1 Historical Trend (2018-2022)
10.4.4.2 Forecast Trend (2023-2028)
10.4.5 Others
11 Asia Pacific Aluminium Market Analysis
11.1 Market by Type
11.2 Market by Processing Method
11.3 Market by Application
11.4 Market by Country
11.4.1 China
11.4.1.1 Historical Trend (2018-2022)
11.4.1.2 Forecast Trend (2023-2028)
11.4.2 Japan
11.4.2.1 Historical Trend (2018-2022)
11.4.2.2 Forecast Trend (2023-2028)
11.4.3 India
11.4.3.1 Historical Trend (2018-2022)
11.4.3.2 Forecast Trend (2023-2028)
11.4.4 ASEAN
11.4.4.1 Historical Trend (2018-2022)
11.4.4.2 Forecast Trend (2023-2028)
11.4.5 South Korea
11.4.5.1 Historical Trend (2018-2022)
11.4.5.2 Forecast Trend (2023-2028)
11.4.6 Australia
11.4.6.1 Historical Trend (2018-2022)
11.4.6.2 Forecast Trend (2023-2028)
11.4.7 Others
12 Latin America Aluminium Market Analysis
12.1 Market by Type
12.2 Market by Processing Method
12.3 Market by Application
12.4 Market by Country
12.4.1 Brazil
12.4.1.1 Historical Trend (2018-2022)
12.4.1.2 Forecast Trend (2023-2028)
12.4.2 Argentina
12.4.2.1 Historical Trend (2018-2022)
12.4.2.2 Forecast Trend (2023-2028)
12.4.3 Mexico
12.4.3.1 Historical Trend (2018-2022)
12.4.3.2 Forecast Trend (2023-2028)
12.4.4 Others
13 Middle East and Africa Aluminium Market Analysis
13.1 Market by Type
13.2 Market by Processing Method
13.3 Market by End Use
13.4 Market by Country
13.4.1 Saudi Arabia
13.4.1.1 Historical Trend (2018-2022)
13.4.1.2 Forecast Trend (2023-2028)
13.4.2 United Arab Emirates
13.4.2.1 Historical Trend (2018-2022)
13.4.2.2 Forecast Trend (2023-2028)
13.4.3 Nigeria
13.4.3.1 Historical Trend (2018-2022)
13.4.3.2 Forecast Trend (2023-2028)
13.4.4 South Africa
13.4.4.1 Historical Trend (2018-2022)
13.4.4.2 Forecast Trend (2023-2028)
13.4.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code - 7601)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
17.1 North America Historical Price Trends and Forecast 2018-2028
17.2 Europe Historical Price Trends and Forecast 2018-2028
17.3 Asia Pacific Historical Price Trends and Forecast 2018-2028
17.4 Latin America Historical Price Trends and Forecast 2018-2028
17.5 Middle East and Africa Historical Price Trends and Forecast 2018-2028
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 RusAL
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Chalco Aluminum Co. Ltd
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Rio Tinto plc
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 China Hongqiao Group Co., Ltd.
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Alcoa Corporation
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Emirates Global Aluminium PJSC
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Shandong Xinfa Aluminum Co., Ltd.
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Norsk Hydro ASA
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 Vedanta Limited
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 Hindalco Industries Limited
18.2.10.1 Company Overview
18.2.10.2 Product Portfolio
18.2.10.3 Demographic Reach and Achievements
18.2.10.4 Certifications
18.2.11 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Aluminium Market: Key Industry Highlights, 2018 and 2032
2. Global Aluminium Historical Market: Breakup by Type (MMT), 2018-2022
3. Global Aluminium Market Forecast: Breakup by Type (MMT), 2023-2028
4. Global Aluminium Historical Market: Breakup by Processing Method (MMT), 2018-2022
5. Global Aluminium Market Forecast: Breakup by Processing Method (MMT), 2023-2028
6. Global Aluminium Historical Market: Breakup by End Use (MMT), 2018-2022
7. Global Aluminium Market Forecast: Breakup by End Use (MMT), 2023-2028
8. Global Aluminium Historical Market: Breakup by Region (MMT), 2018-2022
9. Global Aluminium Market Forecast: Breakup by Region (MMT), 2023-2028
10. North America Aluminium Historical Market: Breakup by Country (MMT), 2018-2022
11. North America Aluminium Market Forecast: Breakup by Country (MMT), 2023-2028
12. Europe Aluminium Historical Market: Breakup by Country (MMT), 2018-2022
13. Europe Aluminium Market Forecast: Breakup by Country (MMT), 2023-2028
14. Asia Pacific Aluminium Historical Market: Breakup by Country (MMT), 2018-2022
15. Asia Pacific Aluminium Market Forecast: Breakup by Country (MMT), 2023-2028
16. Latin America Aluminium Historical Market: Breakup by Country (MMT), 2018-2022
17. Latin America Aluminium Market Forecast: Breakup by Country (MMT), 2023-2028
18. Middle East and Africa Aluminium Historical Market: Breakup by Country (MMT), 2018-2022
19. Middle East and Africa Aluminium Market Forecast: Breakup by Country (MMT), 2023-2028
20. Major Importing Countries by Volume
21. Major Exporting Countries by Volume
22. Major Importing Countries by Value
23. Major Exporting Countries by Value
24. North America Historical Price Trends and Forecast 2018-2028
25. Europe Historical Price Trends and Forecast 2018-2028
26. Asia Pacific Historical Price Trends and Forecast 2018-2028
27. Latin America Historical Price Trends and Forecast 2018-2028
28. Middle East and Africa Historical Price Trends and Forecast 2018-2028
29. Global Aluminium Market Structure

Companies Mentioned

  • RusAL
  • Chalco Aluminum Co. Ltd
  • Rio Tinto plc
  • China Hongqiao Group Co. Ltd.
  • Alcoa Corporation
  • Emirates Global Aluminium PJSC S.A.dong Xinfa Aluminum Co. Ltd.
  • Norsk Hydro ASA
  • Vedanta Limited
  • Hindalco Industries Limited

Methodology

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Table Information